If America has huge trade deficits with every country, and an increasing national debt, why shouldn’t they introduce tariffs?
If America has huge trade deficits with every country, and an increasing national debt...
America gave up its industry to make wall street kikes rich. No one is stopping mutts from reindustrializing except their jewish overlords. But instead of addressing that the mutts lash out on the rest of humanity.
Death to all mutts.
Because Drumpf is bad!!! Didn't you see the hundreds of spam threads every single goddamn day for years?!?!?!
Why is a trade deficit bad?
Because Stone Cold says so
Removing trade deficits won't remove national debt.
kikes holding overvalued stocks good, and here's why!
You’re spending more money than you’re earning
America doesn't have a trade deficit with every country.
buy real valuable tangible goods
with ZOGbux you conjured from thin air
Somehow this is a bad thing?
If America has huge trade deficits with every country, and an increasing national debt, why shouldn’t they introduce tariffs?
There's an even chance this is a good question vs a shit post, so I'll answer earnestly:
Trade deficits are dictated by the private sector; the American people buy cheap foreign shit from Vietnam or China, and then the American people sell those people higher priced commodities, like services (banking, legal-stuff, education) and sometimes cars or bombs.
America's national debt has no barring on any of this. The American national debt is created directly by the Federal American Government borrowing money from a foreign country and/or the public. In the case of the United States they're actually quite lucky because their national debt is mostly to American Citizens: pensioners, veterans, healthcare services, etc.. I say this because defaulting (not paying) on a *foreign* debt is violently fucking bad: suddenly no real credit to print fake money, suddenly no more investment, suddenly other countries get shifty with you (having foreign debt also isn't a 100% bad thing since it can invest another country in your future because they'll never get that money back if you fuck off or blow up), but defaulting on public debt is as easy as just letting old people die.
I am a skilled worker.
I am good at knitting sweaters.
I buy yarn from some dumb fuck down the street who can't knit, but keeps sheep and spins yarn.
I buy 1k worth of yarn from him, and turn int into 2k worth of sweaters.
I sell one sweater for $500 to him and sell the rest to my family members.
A crazy uncle wearing red baseball cap tells me, that I must pay him extra 69% (nice) tariff for every 1k worth of yarn, that I buy from the sheep fucker, I mean herder, down the street, because that sheep fucker is not buying enough sweaters from me.
Meaning, from now on, I'm turning 1.69k worth of sweaters into 2k worth of sweaters.
Family is pissed at me, for raising prices of my sweaters.
I am pissed at uncle, because he extorted me for money I made.
The sheep fucker down the street is pissed, because now that making sweaters is not as lucrative, I stop making sweaters and buying yarn.
Meanwhile, my crazy uncle is Jewing his ass off all the way to the bank.
Billionaires gonna billionaire.
im a mixed race sandnigger kike and i hate mutts
wow way to sell yourself short sorry bro
Go to the store
Buy bread for $1
Now have a trade deficit of $1, which is obviously terrible
Implement tariffs so the next time I go the bread is $1.50
There are ways and means of doing this that won't lead to a global recession.
And let's not forget that the post ww2 order of global trade, from Breton woods onwards, has primarily been designed and implemented by America to suit America's own interests.
Counter tariffs.
Then you make your own bread.
Oh okay
Go to the store
Buy flour, salt, and yeast
Now have a trade deficit of $10
Implement tariffs so the next time I go the flour, salt, and yeast is $15
And now it is in our interest to bring businesses back to the states, cut foreign aid, and suck the life out of everyone else's economy. The world can count their fucking blessings that we didn't decide to just take what we wanted with our military strength.
We should. And did.
FPBP Yehudi
Because they might work, not that this is the point, the objective seems to be to have an excuse to let the markets crash normally.
Yes, they're distinct things and not directly related, but they are very obviously indirectly related. First of all, tariffs are taxes which means increased government revenue which means a smaller deficit which means slower debt growth (or in an ideal world a surplus which means debt reduction.)
Likewise, more domestic production means more taxable revenue, and so on.
Did your uncle in the red hat build the house for you and the sheppard? Patrol the streets from the feral niggers wanting to steal from you?
If not than your analogy falls on its face immediately. Which is unsurprising, because you lolbegs are child raping jewish sophists.
Any organism that doesn't have to do any work for food decays into a pointless flesh blob. Eventually the world figures out they don't have the power to enforce acceptance of zogbux and haven't for a decade. China and Russia both have local sustainable economies now. China used the zogbux as a stimulus to build up local industries for export that are now switching to production for the domestic market.
The idea here was that the family represent the state. And the sheep nigger represents foreign state.
I get that you don't understand allegory. But so be it.
In your pedantic extrapolation, the uncle didn't build the house, didn't build the road, didn't build the sheepfucker's house. He was elected by my family, to rule our family only, in house we've inherited from our forefathers.
I am taxed on my income, just like everyone else in the family. Except, as small business, I am also taxed additional 69% (nice) for buying yarn from the wrong sheep fucker. Because apparently that's who capitalism works.
The kids in your family are desperate for a tiny slice of the pie and instead of employing them to grow sheep you send half the pie to some degenerate sheepfucker who hates your family.
I would have gladly bough the same yarn from the kids in my family, but the kids in my family are free to choose what they want to do with their time.
As it turns out, fucking with sheep is not one of those things. Because sheep are gross, and they would rather have cushy office jobs than get their hands dirty.
As opposed to the dumb fuck down the street, who doesn't have enough braincells to rub together, to get an office job.
And let's not forget that the post ww2 order of global trade, from Breton woods onwards, has primarily been designed and implemented by America to suit America's own interests.
This. Can remember when countries that did not want to open themselves up to international trade got sanctioned by the US. The only thing worse in Golems eyes was: Not selling oil in dollars and having an independent central bank.
Now 'merica reversed and goes the "must protect our industries" route. Except they are not the one and only unrivaled superpower on the globe (the former SU never counted as such in anything not military related..)
Because apparently that's who capitalism works.
Maybe you should stop being cattle to jews who hate you and adopting ideologies they invented to destroy you?
they would rather
They don't have that option retard. They have crippling student loans for schooling that taught them nothing except nigger worship. The office doesn't make anything except HR roasties, only hires 10% of the kids and increasingly rely on robots instead of people. The tax by your based uncle means they can sell you yarn for $1500 but still outcompete the fucker. They can use the extra money to increase efficiency with automation and scale, more and more of your kids get in the money train until efficiency is close to its max given those conditions and competition drives down the price closer to $1k again. The kids now have money to buy your sweaters so you make more and increase demand for yarn which creates more jobs.
Making jews seethe is against american values and beliefs
Well I'm sure sitting in an office 8 hours a day e-mailing spreadsheets back and forth will be far more useful if a fake and gay house of cards economy goes belly up (see this is fun because it hits both sides of the analogy and demonstrates your jewish hatred of laborers.)
Yet the only ones throwing tantrums about this are euros...
Big think.
Wait, so which is it? Do they yearn to have a piece of the pie and I need to employ them fucking with sheep?
Or is fucking with sheep not economically viable for them because (insert reasons here)
Tell that to the kids who don't want to fuck with sheep, but would rather fuck with spread-sheep. But why is it me who has to be punished for people wanting to fuck with spread-sheeps, instead of real-sheeps, by a forced a 69% (nice) tariff with my uncle? Is this socialism?
Who do you think the tariffs hurt poindexter
...Right.
The tarrifs went int effect last night. Normies didn't have a chance to notice the price hike yet. Because Normies don't pay attention.
But have you been paying attention to your local news lately? From people who do pay attention?
So far, Euro has jumped up 2% against US dollar and US 401k dropped 10% since the tariff.
Everyone even remotely related to economics in US is calling this an epic self-own.
But sure, it's the Yuros and Journos.
Tell that to the kids who don't want to fuck with sheep, but would rather fuck with spread-sheep.
Ok. Attn: employed women of Anon Babble. Your e-mail race jobs are useless and you will end up being traded like any other commodity in case of a collapse.
They've been told.
But why is it me who has to be punished for people wanting to fuck with spread-sheeps,
Because Rand was wrong, gay, and jewish (like you) and the idea of atomized individuals is not a thing that has existed anywhere ever. You are a member of a nation. Sometimes you'll be left holding the bag, sometimes your neighbor will. But both of you will net benefit in the end.
instead of real-sheeps, by a forced a 69% (nice) tariff with my uncle? Is this socialism?
Sure. Call it what you want. The label is less important than that we stop you jews running amok.
According to you all, us.
Yet another inconsistency. You guys should really come together and get your stories straight. Because your constant contradictory histrionic screeching just makes you look like women
watch these journos screeching
then you'll know it's not just journos screeching
Kek
Usa power comes from having THE world reserve/trade currency while they can print it out of nothing, it is basically a gigantic ponzi scheme and that only works when the numbers go up and up and going resl protectionist would make that big scam collapse on it's own.
Both. They can't compete with the established foreign fucker who is already operating with good margins at $1k, he buys bread to feed himself at $1 in his unregulated hovel while your kids need $500 for food + $500 for rent. They can only approach the $1k number after investing for years into scale and efficiency but even if they never do and you're forced to sell the sweaters for $3k the money staying in your market means you sell more sweaters.
According to you all, us.
Yet another inconsistency. You guys should really come together and get your stories straight
Exactly. And yet they screech that the tariffs are a bad idea. You know damn well why. It hurts them and they can't handle what's happening. Otherwise they'd be happy about America "fucking itself over".
Attn: employed women of Anon Babble
There are no women on the Internet.
he idea of atomized individuals is not a thing that has existed anywhere ever
Individualism is wrong.
You are a member of a nation
Yet the nation fails to provide me with yarn.
And I am ask to contribute disproportionately more to said nation.
Go socialism!
But both of you will net benefit in the end.
So far the only one who seems to benefit is the 69% (nice) uncle.
you jews
The only jew here is the (step)-uncle, who's Jewing all the way to the bank with his new 69% (nice) tariff: > Meanwhile, my crazy uncle is Jewing his ass off all the way to the bank.
But hey, I'm sure if you call me Jew enough time, it will somehow overcome me calling him Jew first.
Literally got out-played by your own Jew game, you Jew cock gobbler.
Then again, if your strategy is to wait till the price hike hits the normies, rather than pay attention what is going on, then you are, by definition, the low information voter. Go bang rocks. They are free and you can impose any kind of tariffs on them!
the nation fails to provide me with yarn.
People can grow sheep anywhere but you saw a profit opportunity in exploiting the cheap living conditions in other countries which your kids can't compete with.
the only one who seems to benefit is the 69% (nice) uncle
He doesn't get a dime after the opportunity given by the tax is exploited by your kids. If they're too retarded to go get the free money that's a symptom of the diseased spoiled culture in your family and you deserve to be punished until you stop being a nigger.
be euro
spend decades screeching about how much you despise Americans, want them to suffer and hope they die
America changes policy to benefit themselves for once
"Hey guys, slow down, will you? I'm just worried about you after all."
And they think this is believable.
Because we already paid 2x the price now less people will buy American products, we could barely afford them before. So everybody lose
But hey, I'm sure if you call me Jew enough time, it will somehow overcome me calling him Jew first.
Literally got out-played by your own Jew game, you Jew cock gobbler.
And yet, every single jew supports free trade. Every one. Without fail. Even dyed in the socialists like Paul Krugman complete 100% open, free trade. So your worldview was authored entirely for you by jews like Paul Krugman, Murray Rothbard, and Milton Friedman, but according to you that makes everyone else jewish?
Lmao. JIDF not sending their best.
exploiting
I'm not exploiting shit.
My family refused to fuck with sheep.
I found someone else willing to fuck with sheep.
I've transferred the savings onto my family members.
Now they need to carry the burden of paying more for the same goods, or go fuck with sheep. Else they go cold.
Uncle Sam always wins.
go get the free money
It's not free money.
It's their money.
It's the money they will need to eventually pay extra, to get the same sweater. Making any kind of gains on suddenly more expensive yarn nullify themselves.
My world-view was not authored. It was observed.
Countries that trade openly grow richer. US went from isolationist backwater to superpower by making use of free trade.
My world-view was not authored. It was observed
Lmao. First of all it was """observed""" entirely and solely by jews.
But this claim of yours is particularly funny, my levantine friend, because none of your ancap friends would make this claim since they readily admit that the deduce their worldview from so called "first principles". This is literally the exact opposite of an empiricism based worldview. Everytime Chicago school economics are put to the test they fail miserably.
Meaning you are not only a head of jew cattle, but are a particularly misinformed one.
let's not forget that the post ww2 order of global trade, from Breton woods onwards, has primarily been designed and implemented by America to suit America's own interests.
ding-ding-ding CORRECT! This anon understands.
US went from isolationist backwater to superpower by making use of free trade.
Lmao. It went from backwater to hyperpower between the 1770's and 1940's. When we had heavy, heavy protectionism in place. Your free trade bullshit only started in the1960's/70's. And we have been in a rapidly accelerating free fall since then. As with all jew ideologies, your worldview is 180° from the truth.
I love how even in this fantasy you can't hide your narcissism, implying that knitting is some 1000IQ skill and not something prehistoric tribes had figured out, while the guy you rely on to do something complicated that you can't do, is just some retarded shepherd
Jews have always had particular disdain for farmers for some reason.
I'm not exploiting shit.
Exploiting profit opportunities isn't a bad thing. If you decided on your own to pay more for local sheep you would be outcompeted by someone who imports them.
My family refused to fuck with sheep.
They couldn't if they wanted too because the foreign products are too cheap to compete with. How is this difficult to get you braindead shill?
It's not free money.
It's a profit opportunity that didn't exist before the tariff because costs exceeded the possible profit because their costs are higher than the sheepfucker's.
LUPIN!
First of all it was """observed""" entirely and solely by jews.
This statement literally makes no sense? How can you observe someone's internal world view?
Anon, do you think Jews are psychic now?
youtube.com
none of your ancap
I'm not ancap.
You suffer from black-and-white thinking. Not everyone who disagrees with 69% (nice) tariff imposed by their Uncle has to be ancap.
Chicago school economics
I'm more of an Austrian school of economics kinda guy, with it's Methodological individualism, as opposed to American-centric Monetarism, which emphasizes the role of central bank control over currency. But hey, you tried. (sad trombone)
So, that's fail on psychic Jews. Fail on ancap slander. And fail on dragging central bank into free trade. I can't even call this a nice try.
Extensive tariffs and protectionism exacerbated the great depression. Hoover's reversal of those made US the world player it is today.
Since you seem to not have even rudimentary knowledge of your own country's history, I will need downgrade the language I use when communicating with you. So...
Here, buddy buddy buddy, I know that thinking is hard, and reading history research even harder, but I got some nice cute video for you. It has moving pictures and stuff! You'll love it!
youtube.com
You sound highly articstic. Unable to understand allegory.
Substitute knitting for pharmaceutical design. US excels in research and development. But off-shores manufacturing.
Good grief. I didn't expect running someone with such literal mind who'd think I'm talking about literal knitting.
You know, my highly regarded friend, that tariffs also don't apply to families and people living down the street? Right?
Countries that trade openly grow richer
Most countries don't have things like oil which most economic growth and mass food production relies on.
In theory free trade is more efficient and creates more total value. I would have cheaper meat with no tariffs but the local sustainable farming industry would collapse. It increases quality of life and can theoretically work without oil because it's small scale and distributed with tricks like releasing sheep for highland grazing which doesn't need fertilizers or tractors. The higher cost of goods means higher wages so I can afford it while also being more able to import high value luxuries.
With a smaller farming industry local farming related knowledge would degrade, everyone would be fat webdevs or hr roasties and even a slight hitch in global supply lines could cause a famine. All for a slight bump in efficiency and numbers the "experts" treat like divine slightly going up.
not an ancap
(((austrian schooler)))
Lmao. No woder you have such atrocious takes. You have no idea what any of the phrases you use mean and are just shitposting. Congrats, you had me going.
Most countries don't have things like oil which most economic growth and mass food production relies on.
The idea that that only way country can grow is through export of raw natural resources is rather simplistic.
Have you seen Eastern Europe in last 35 years? They're not oil nations, most of them are food exporters, and heavily industrialized. Yet started to grow, along with the rest of the Europe, once the shackles of totalitarian communism were removed.
Further accelerated by joining EU, where even the Eastern European food producers had to follow EU standards.
The higher cost of goods means higher wages
Not necessarily. If something costs twice as much to grow where you live, doesn't mean you'll get paid twice as much for it on the market.
If someone else can grow the same thing cheaper, for whatever reason (i.e. climate), and your government imposes tariff on it, to force foreign import to cost the same as your local produce, then the tariff doesn't go to your pocket. It goes into government's pocket.
local farming related knowledge would degrade
We're agreement that preserving local food production is a strategic ability. That's why EU has significant carve-outs for farming subsidies. Ensuring that member states are not wiped out by cheap imports.
But that's not what these Trump tariffs are. They're blanket fee on all foreign import, that goes into government's coffers. The ability to manufacture fleshlights, screwdrivers and computer mice is hardly a strategic capability.
You have no idea what any of the phrases you use mean
I have literally explained what all the phrases I used mean, so that even you, with the mind of a 5 year old, understand them big long words.
That's the bottom line
American tariffs on foreign products doesn't affect the price of American products abroad.
As long as the EU isn't retarded enough to launch a trade war against a country they have a huge trade profit with.
why shouldn’t they introduce tariffs?
because it wouldn't only delay it's collapse... maybe even prevent it altogether
and this goes against Yahweh's will
wouldn't
*would
it's
its
Israel is making me type wrong
niggerland 5000 only spends 3 dollars a year on american products
america buys 500 bucks worth of stuff every year
"ZOMG le trade deficit is over 100%!!"
Because
Right.
So you are not an ancap, despite agreeing with every ancap position. And despite you subscribing to this wholly jewish ideology, everyone who disagrees is actually the jew.
And tariffs caused the Great Depression despite every country in the world having tariffs prior to the 1920's, with no Great Depressions happening, and every country in the world except the US having them since... and no Great Depressions since.
And everyone who disagrees with these contradictory/empirically untrue statements has "the mind of a 5-year old."
Again, decent shitpost man. Much better than sodomy spam coming out of criminal island for the last few months.
As long as the EU isn't retarded enough to launch a trade war against a country they have a huge trade profit with.
They will though.
Italy has said they will veto any retaliation against America because they don't want to piss off the Americans.
The idea that that only way country can grow is through export of raw natural resources is rather simplistic.
That's not the idea. Everything including offices rely on energy and most sectors need oil, any form of farming, fishing or manufacturing. If you're a small country without oil and so isolationist that you don't have access to it there's close to no economic growth. The same is not true of the big resource rich countries like China, Russia and the US.
the tariff doesn't go to your pocket
Until the tariff has been circumvented the govt doesn't need to tax as much to pay for the same amount of services. It can lower taxes, lower debt or increase services.
The buyer pays the 69% tariff and the increased cost to him means an opportunity has opened up for local entrepreneurs that didn't exist before. When they start selling at a 50% markup compared to what the buyer previously bought at total wages in the country have gone up meaning more consumption of "sweaters".
They're blanket fee on all foreign import
Which makes sense for a big resource rich country and those foreign imports tend to be consumer luxuries. It makes even more sense when there's a trend of using proxy countries and fake reporting to avoid targeted tariffs. When the US tariffed fentanyl precursors in Mexico they were routed through Canada instead.
You know well they will and even without that less sales = less profit for USA so it's bad for everybody. With jews you lose
You forgot your meme flag
despite agreeing with every ancap position
I also support socialized health care.
Free trade may be one of, but not the only ancap "position", as you call.
So, with that in mind, now what, debater?
tariffs caused the Great Depression
Meanwhile I said in > Extensive tariffs and protectionism exacerbated
exacerbated
Your short term memory, reading comprehension or vocabulary is distinctly insufficient for this level of discussion. That makes your mind that of a 5-year old.
empirically untrue
As opposed to me explaining my position to you, so far you've made nothing but empty statements.
But hey, clearly it's me who's the one shit-posting here.
And since I am dealing with a literal 5-year old, yes, that was this thing called sarcasm. Google it!
American goods are made on German machines.
Google Siemens and despair.
Sire. US could eventually fill the hole on the market caused by the tariffs, that won't happen overnight. It surely won't happen with the <24h notice that was given by the POTUS.
They should rather consider their consume habits. They just consume much more than any other country in the world. Of course, if you live above your means, that leads to a trade deficite and national debt.
At the same time, if a first cousin is a sheep fucker, problem solved if the wool is cheaper to procure domestically.
Keeping cash flow within a country is better than sending all the money away.
They couldn't if they wanted too because the foreign products are too cheap to compete with.
This hits the nail on the had.
They could produce the same sheep locally, but it is more economically beneficial for them to go fuck an Excel-sheep instead. That's market-driven decision.
It's a profit opportunity that didn't exist before the tariff because costs exceeded the possible profit
didn't exist
Once again, you're on a roll.
This means there is no opportunity. There is only artificial propping up of market, to stimulate sheep-fucker market.
Which is based entirely on the presumption that having US-fucked sheep is somehow beneficial to having US-fucked Excel-sheep and importing foreign-fucked sheep.
They get us this trading mess to begin with while championing free market, a lack of free market was enough to bomb a country now they tax goods with no representation
That's not the idea.
It is the idea, according to (you): See: > Most countries don't have things like oil which most economic growth and mass food production relies on.
You've turned from saying that most countries need oil to grow, to saying that wasn't the idea, and most countries don't actually need oil to grow, within span of one comment.
Exhibit A: China is net importer of energy.
Yet, based on Trump's tariffs, they appear to be the biggest threat to US. Care to elaborate how their net import of energy supports your idea that for country to grow, it must have oil to export?
If you're a small country without oil and so isolationist that you don't have access to it
This is the entire point here. Countries that free trade grow. Countries that isolate, or are isolated, don't. US has chosen to Isolate, claiming that it's the exception to this rule-of-thumb, and its growth is stiffed by free trade.
Trump imposed tariffs on import into US. Not onto trade between other countries that are no US. Not even on export of US energy.
Until the tariff has been circumvented
That's an interesting claim. On the other hand, if we supposed the tariff is being circumvented, does that mean the 69% tariff will be circumvented too?
Because Trumps new plan didn't mention anything about new tariff anti-circumvention plan.
When they start selling at a 50% markup compared to what the buyer previously
Why on earth would someone do that? Are people doing charity now? Even if, and that's a big if, they start making use of the room created by the tariff, it doesn't mean they'll sell for less than the foreign import + tariff costs.
Which makes sense for a big resource rich country and those foreign imports tend to be consumer luxuries.
Again, see the example of Eastern Europe. Those were dirt poor countries that got rich by manufacturing stuff for Western Europe, using Western Europe technology and know-how. Those were not some luxury based societies.
do tell me what was the average livingstandard in america pre-new deal?
Effort posting part one
The US can't have a trade deficit.
The long and short of it is that everyone else agrees to trade in USD.
This means that
Mexico can sell corn to Spain for dollars and then buy Japanese cars with those dollars
Japan can then buy Brazillian beef with those dollars
Brazil can buy German cars with those dollars
it goes on like that for a while
In order for this to work, somehow, the paella niggers needs to get dollars.
They do this by exporting olive oil to the USA and IMPORTING dollars from the USA.
The US can't have a trade deficit because their biggest export is dollars and they engage in trade at a 1:1 ratio of dollars : the value of goods imported.
Moreover, any tangible goods the US exports are paid for in dollars. In effect a sort of national profit.
Another way to look at this is that every other nation trades with each other, the US trades with the world.
When the US makes a bilateral trade it's trading partner isn't the country they're trading with, it's the global dollar market, the trade partner is just an intermediary.
This is why there are more dollars outside the US than inside.
Some people say that the US basically gets to import goods for free because they don't have to work, they can just print dollars.
This isn't strictly true, since when the US prints money it causes inflation, which lowers the value of USD at home which effectively lowers private wealth in the US. The americans were always supposed to keep working and buy mostly their own domestic goods.
The agreements were made so that you wouldn't have a situation where, for example Brazil has many banana and Norway has no banana so Norway declares war on Brazil to secure the banana plantations.
Here's the problem, real US inflation is around 20%.
This means that every year the US gets to levy a tax on one fifth of global trade.
Basically, they transfer 20% of the value of the USD in your nation's handbag to their own pockets.
Effortposting part dux
They've been doing this since the 50's which is what caused Bretton Woods to fail.
The creatures running the US thought that this was the perfect scam and no one would notice.
Everyone did notice and some people like Charles De Gaul told them off.
This is also the reason they killed Gaddafi and Sadam. They'd both been talking about switching oil payments from the dollar because their own economies were drowing in US inflation and they wanted to use more stable currencies or support currency trades with gold and silver etc. (I'm oversimplifing here but it doesn't matter.)
After Bretton Woods instead of easing off on inflation the US changed it's trade policies to ease the import of certain types of goods, basically allowing the rest of the world to get more dollars more easily in exchange for giving the US cheap shit, like poor quality clothes and low durability consumable items.
Instead of backing off on inflation, they doubled down, increased inflation and just threw money onto the global dollar market so that foreign nations could better keep pace with US inflation.
Again, they thought this was really clever. Now they really were just printing money and getting free stuff for it. >Congratulations America, you solved the economy.
This had the unforseen consequence of absolutely drowning ordinary Americans in disposable foreign garbage. Even expensive things like TVs basically became disposable to many Americans.
American firms couldn't compete with this so the US printed more money amd gave it to their own companies so that they could buy the cheap shit overseas and rebrand it, this was so successful that they printed even more money and used it to invest directly in foreign manufacturing, building enitire towns and cities overseas and investing trillions in heavy equipment, warehousing, seaports etc.
Fin
The source of all these problems is inflation and corruption in the domestic US market, not the balance of tangible imports and exports, especially since, as I said, the US primarily exports dollars, not goods.
From a single country. You buy shoes from Vietnam. You sell Netflix subs and other tech shit to rich countries. (services not included in the trade deficit but it's part of why USA is so rich).
Seeing a trade deficit with a single country as a bad thing is absurd. We're not in the time when it was a problem China kept only selling shit and not buying so they ended up with all the silver.
Like the entire idea of global free trade is that countries specialize to max efficiency. Not that there's some eye for eye agreement whenever goods exchange hands. Maybe if that was the case we'd live in a more equal world where the rich countries couldn't extract cheap goods for pennies on the dollar but knowing that this anti deficit idea is coming from a guy who wants to make USA rich rather than cripple it and the world you have to wonder what they think is the result of this economic slow down and restrictions? Maybe I shouldn't ask lol.
There is only artificial propping up of market, to stimulate sheep-fucker market.
The govt "artificially" creates the profit opportunity.
it is more economically beneficial for them to go fuck an Excel-sheep instead
This is also a product of an artificially created opportunity that relies on globally enforcing the dollar as a reserve currency. A policy which can't be maintained while being dependent on the countries you're forcing to accept the dollar.
is somehow beneficial
Local jobs, local growth, less misery in the world, less environmental impact, independence and local sustainability. There's no downside except some number on paper don't go up as fast.
You've turned from saying that most countries need oil to grow, to saying that wasn't the idea, and most countries don't actually need oil to grow, within span of one comment.
That's dishonest or you're illiterate.
If you're a small country without oil and so isolationist that you don't have access to it there's close to no economic growth.
Has nothing to do with exporting raw resources.
The idea that that only way country can grow is through export of raw natural resources is rather simplistic.
Is not even close to what I said in either post.
Seeing a trade deficit with a single country as a bad thing is absurd.
The US has a trade deficit with every country in the Galaxy, not just a single country. Hence the problem and the solution is obviously tarifs.
your idea that for country to grow, it must have oil to export
to export
They need oil to fuel their sectors, not to export.
Countries that free trade grow.
The details and degrees matter. Iceland grows despite having tariffs on everything. China grows despite having tariffs on almost everything. The most major factor by far is access to energy and oil, not just abstract "free trade".
Because Trumps new plan didn't mention anything about new tariff anti-circumvention plan.
Manufacturing locally is what he says he wants, that circumvents the fucking tariff.
it doesn't mean they'll sell for less than the foreign import + tariff costs
As long as they don't the same profit opportunity is available for anyone else to exploit. They race to a bottom that's still somewhere above what you originally paid the foreign sheepfucker.
got rich by manufacturing stuff
So the imported oil created more value that was then exported giving them a trade surplus. No country ever got rich or built up valuable industry from consuming.